Tokio Marine Holdings, Inc. (the "Company") has revised downward its FY2012 business forecasts on an adjusted earnings basis for the fiscal year ending March 31, 2013 ("FY2012") for the Tokio Marine Group (the "Group"), originally announced on May 18, 2012, to reflect the Group's recent business performance. The Group's total adjusted earnings forecast for FY2012 has been revised downward by 27.0 billion yen to 138.0 billion yen.
In the domestic property and casualty insurance business segment, the Company's original forecast was revised upward by 6.0 billion yen to adjusted earnings of 48.0 billion yen, as the expected reduction in yen amounts needed to be set aside as reserves, owing to appreciation of the yen against other currencies, is projected to more-than offset the expected effects of frequent natural disasters.
In the domestic life insurance business segment, the Company's original forecast was revised downward by 12.0 billion yen to adjusted earnings of 41.0 billion yen, mainly owing to increased consumer taxes and deterioration in domestic financial markets.
In the overseas insurance business segment, the Company's original forecast was revised downward by 21.0 billion yen to an adjusted earnings of 47.0 billion yen, mainly owing to the effects of Hurricane Sandy in the United States.
With respect to its financial and other business segment, the Company expects no change to its original forecast.
Appendix 1
Business performance indices for major business segments
1. Domestic property and casualty insurance business
Net premiums written forecasts for Tokio Marine & Nichido and Nisshin Fire have been revised as follows:
2. Domestic life insurance business
Annualized premiums forecasts for Tokio Marine & Nichido Life have been revised as follows:
3. Overseas insurance business
Net premiums written forecasts for the overseas insurance business have been revised as follows:
The business plans described above are based on information available to the Company as of the date of this document. Actual results may materially differ from the plans.